trade agreements

On Monday, 15 April the Council decided to adopt the negotiating directives for trade talks with the United States on a Free Trade Agreement. Now concerns are raised regarding the US administrations departure from its commitments to combat climate change envisaged in the Paris Agreement. On the other hand, supporters of the FTA argue that due to the current state of international trade it would be important to reach such an agreement to avoid further escalation. However, when it comes to trade the EU has failed to observe its climate commitments as part of negotiating schedules, questioning its willingness to be in the forefront of the fight against climate change.

The Comprehensive Economic and Trade Agreement between EU and Canada promises to create a better business environment on both sides of the Atlantic. When applied, the CETA will strive to remove customs duties, open up to the services market, end the restrictions on access to public contracts and support future investors. Moreover, the agreement is designed to support standards, especially those that Europeans are sensitive about such as food safety and worker’s rights.

TTIP and CETA have stirred up quite a debate lately. Less discussed is the Trade in Services Agreement (TiSA), a trade deal for global services negotiated among the EU and 22 other countries since 2013. The EU should take firmer action in defending its values regarding corporate power and global cooperation.